AUD/JPY – 30M – SELLThe currency pair jumps from the ascending trendline downwards
A bearish movement downwards to the next support line at 97.98100 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 98.71100 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 98.453524 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 98.71100 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 99.86000 |
| 2nd High | 99.83400 |
| Next High | 98.71100 |
| Current Price | 98.31200 |
| Next Low | 97.98100 |
| 2nd Low | 97.94100 |
| 3rd Low | 97.62000 |